Dave Ramsey Urges Some Americans to Claim Social Security at 62 Despite 30% Cut

2 articles · Updated · Yahoo Finance · Aug 20

Age 62 is when Ramsey says one group should file for Social Security early: retirees who will invest every dollar of the benefit rather than spend it.
A claim at 62 cuts monthly benefits by about 30%, while waiting until 70 can lift payments roughly 24%, but Ramsey argues disciplined investors can beat that trade-off.
His case rests on a broader attack on Social Security as a poor investment, saying the program’s trust funds sit in Treasury securities and face a long-term funding shortfall.
The advice runs against standard guidance to delay claiming for larger checks, making it relevant mainly for early retirees confident they can consistently outperform safer government-backed returns.